Here is our next video about Ethereum price analysis June 2021. Ethereum price June has been gaining momentum this week and reached $2,914. That comes after weeks of correction for Ethereum price reaching a $1733 low on May 23rd.
Ethereum price June 2021 has been trading 5.6% higher in the last 24 hours, enjoying some broader cryptocurrencies rebound. The reason for the uptick could be the rising inflows into the Decentralized Finance ecosystem.
Some data compiled by DeFi Pulse points out that the total value of the ecosystem has risen to more than $67 billion. That means an increase by more than $17 billion in the past few weeks. It is proving that Ethereum is one of the most preferred platforms for developers.
The Ethereum price target has been raised by some technology entrepreneurs. The Winklevoss twins have forecasted that Ethereum could reach $40,000 in the long run, and reach between $5,000 and $10,000 by the end of 2021 which could affect Ethereum analysis in the months ahead.
Watch the full video for our take on Ethereum June and a deeper insight into what to expect in the weeks ahead from our Ethereum price analysis. Drop us a line in the comments with your thoughts on Ethereum June 2021. To be notified about the latest Ethereum technical analysis and news, subscribe to Capital.com, and click that notification bell.
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